According to a survey released today by J.P. Morgan’s Depositary Receipts (DR) business, 70 percent of institutional investors in North America and Europe who responded to the survey recommend that a Latin American company pursue an initial public offering in today’s capital markets. Survey participants, who were interviewed in September 2012, believe that despite significant macroeconomic headwinds in Europe and China, Latin America is a region with steadfast domestic markets and attractively-valued companies that demonstrate significant growth potential.
J.P. Morgan today announced it has been selected by Santander Mexico to act as depositary bank for the company’s American Depositary Receipt (ADR) program in relation to its recent initial public offering (IPO) of USD 4.1 billion, the largest equity offering and IPO ever in Mexico. The NYSE-listed ADRs trade under the symbol BSMX.
J.P. Morgan's Agency Clearing, Collateral Management and Execution (ACCE) business, a unit of the Corporate & Investment Bank, today announced that it has introduced daily portfolio reconciliation for its derivatives collateral management clients. The product is available through ACCE’s ongoing partnership with TriOptima, provider of the market’s leading derivatives portfolio reconciliation service, triResolve. J.P. Morgan utilizes secure FTP technology to exchange trade files, becoming the first collateral agent to offer this additional level of security to its clients.
J.P. Morgan today announced a series of new products, services and client mandates designed to capitalize on the firm’s global footprint, understanding of changing regulatory environments and innovative approach to issues affecting financial institutions.
J.P. Morgan Treasury Services & Worldwide Securities Services will showcase their innovative global treasury and securities services solutions for financial institutions at Sibos 2012, Osaka, which begins on Monday October 29th at the INTEX Osaka convention center in Japan.
J.P. Morgan has been appointed depositary bank for a new Level 1 American Depositary Receipt (“ADR”) program following the October 1 merger of Nippon Steel Corporation and Sumitomo Metal Industries, Ltd to form Nippon Steel & Sumitomo Metal Corporation, or NSSMC.
J.P. Morgan Worldwide Securities Services (WSS) has today announced the launch of its Online Portfolio Analytics Lab (OPAL), an innovative new technology service which utilises extensive portfolio analytics tools to help institutional investors assess risk across individual portfolios, and optimise asset allocation and investment manager selection.
J.P. Morgan has executed Hong Kong’s first HKD tri-party repo transaction between Bank of China (Hong Kong) Limited (“BOCHK”) and Barclays Bank plc (“Barclays”), the first such trade following the launch of the Hong Kong Monetary Authority’s (“HKMA”) cross-border collateral management service in June this year.
J.P. Morgan has extended its collateral management product in order to enhance the security and control over excess collateral. The additional service will support clients’ listed derivative and OTC cleared activity, allowing them to maintain excess collateral in a depository institution, JPMorgan Chase Bank N.A., separate from their clearing broker, and have on-demand reporting and access to their account.
.P. Morgan Worldwide Securities Services (WSS) announced today that it has added reporting capabilities for Form PF, the Securities and Exchange Commission’s (SEC) new regulatory filing for registered investment advisers, to its suite of services.
J.P. Morgan today announced it has been appointed by France Telecom S.A. to act as successor depositary bank for the company’s American Depositary Receipt (ADR) program listed on the New York Stock Exchange (NYSE). J.P. Morgan will manage the ADR program for France Telecom S.A., a leading telecommunications operator in France.
J.P. Morgan Worldwide Securities Services has enhanced its collateral management platform in Japan, introducing core automation capabilities that will provide clients with significant efficiency gains while also meeting Japan’s unique regulatory and legal requirements related to the management and protection of collateral under Japanese law.
J.P. Morgan announced today that it has been selected by Neuberger Berman, one of the world’s leading employee-owned money managers, to provide a suite of securities services, including integrated prime custody services, fund accounting and fund administration for its newly launched Neuberger Berman Absolute Return Multi-Manager Fund.
J.P. Morgan Worldwide Securities Services (WSS) today announced that its tri-party offering for Chicago Mercantile Exchange Inc.’s (CME) IEF4 program will begin supporting corporate bonds. The change comes in conjunction with CME Clearing’s decision to expand eligible collateral to include corporate bonds and extends the capabilities of J.P. Morgan’s longstanding supporting of CME Clearing’s IEF4 program.
According to a survey released today by J.P. Morgan’s Depositary Receipts (DR) business, investors are optimistic about the investment opportunities that exist in Russia over the next three years due to the country’s economic growth rate, abundance of natural resources, low debt levels and healthy employment levels.
Australia’s $1.3 trillion superannuation and managed investments sector is taking a long-awaited step towards automating its complex funds processes with J.P. Morgan’s launch of a totally automated fund routing and settlement service. The new service meets the growing demand for greater efficiency in placing and tracking transactions, resulting from a significant increase in the number of global asset classes and investment vehicles available to large investors.
J.P. Morgan’s Worldwide Securities Services (WSS) business today announced it has been selected by Söderberg & Partners, a Swedish asset manager with funds domiciled in Luxembourg, to provide a range of securities services including custody, fund accounting and transfer agency for Söderberg’s recently launched SICAV fund. The SICAV consists of three sub-funds.
J.P. Morgan today announced David Kane as head of its Trust and Fiduciary and Compliance Reporting business, which is part of the firm’s Worldwide Securities Services division (WSS). Kane replaces Tim Gandy, who is retiring after a 47 year career and 23 years at J.P. Morgan.
J.P. Morgan was named the Broker/Dealer Custody & Clearing Provider of the Year by Custody Risk Americas, one of several recent high profile awards recognizing innovation in collateral management and clearance, and leadership in U.S. Tri-Party Repo Market Reforms.
J.P. Morgan’s Worldwide Securities Services business has been appointed to provide private equity fund administration services to 8 Miles Fund I, a Pan-African private equity fund that plans to invest in businesses across a broad range of industries, with the aim of driving long-term growth in Africa. 8 Miles, which recently closed its first fund raising, plans to focus on growth sectors in Africa including agribusiness, consumer and retail, health, telecommunications, banking and financial services.
J.P. Morgan Worldwide Securities Services (WSS) today announced it has been selected by SKY Harbor Global Funds, a Luxembourg registered UCITS IV investment company, to provide global custody, transfer agency, fund administration and fund accounting for SKY Harbor’s newly launched US High Yield and US Short Duration High Yield sub-funds.
J.P. Morgan announced today that it has been appointed by PIMCO (Pacific Investment Management Company LLC), a leading global investment management firm, to offer two of its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). The two ETFs are in addition to the existing five PIMCO ETFs previously sponsored by J.P. Morgan on the same exchange.
J.P. Morgan today announced thelaunch of a mobile application for its DR (Depositary Receipt) clients. The ADR Issuer Services app, which is free of charge and available for download via the iTunes app store, will provide J.P. Morgan DR issuer clients with instant access to business critical information housed on adr.com.
Australian and New Zealand institutions are looking to implement enhanced collateral management arrangements as more stringent financial regulation is implemented globally and concerns around counterparty credit risk remain at the forefront – according to global industry leader J.P. Morgan.
J.P. Morgan Worldwide Securities Services today announced the launch of Alternative Investment Reporting, a new interactive portal enabling alternative asset managers across Hedge Fund, Private Equity and Real Estate strategies to view, analyze and extract their fund administration data from dashboards, workflow tools and reports.
J.P. Morgan Worldwide Securities Services (WSS) today announced that it has been appointed by Yorkville ETF Advisors, LLC, an asset management firm and a subsidiary of Yorkville ETF Holdings, LLC, to provide custody and exchange traded fund (ETF) transfer agency services to its newly launched Yorkville High Income master limited partnerships (MLPs) ETF.
J.P. Morgan Worldwide Securities Services today announced that its Auto Substitution product has won the award for ‘Best Clearing & Settlement Initiative’ in the second annual FTF News Technology Innovation Awards 2012.
J.P. Morgan Worldwide Securities Services has today announced it will launch an innovative repo financing collateral management platform, which has been developed in partnership with the Hong Kong Monetary Authority (“HKMA”), with a view to enhancing financial stability and providing secured channels for liquidity provisions to the financial markets in Hong Kong.
J.P. Morgan Worldwide Securities Services (WSS) today announced that Stephanie Miller has joined the firm as Global Head of the Alternative Investment Services business, reporting to Nick Rudenstine, Global Head of Investor Services for WSS.
J.P. Morgan Worldwide Securities Services (WSS) today announced new leadership for the group that works with U.K. pension funds and charities to continue to provide this important group with the breadth of services to meet their increasingly complex needs.